Thursday, July 21, 2011

On Obama and jobs

Obamacare is bad for jobs? Shocker!

So you are telling me that the fact that a company may or may not be on the hook for massive taxes on a massive new unfunded liability that was supposed to insure 30 million people while bringing costs down is not an incentive to hire more people? Who ever could have anticipated that? It is almost like people respond to incentives!

Two more soundbites, one from CEO of Home Depot which is where I will be buying my new dishwasher after reading this, please read the whole thing

IBD: If you could sit down with Obama and talk to him about job creation, what would you say?

Marcus: I'm not sure Obama would understand anything that I'd say, because he's never really worked a day outside the political or legal area. He doesn't know how to make a payroll, he doesn't understand the problems businesses face. I would try to explain that the plight of the busi nessman is very reactive to Washington. As

Washington piles on regulations and mandates, the impact is tremendous.

I don't think he's a bad guy. I just think he has no knowledge of this.

And another from Steve Wynn CEO who owns the casinos that I will be exclusively staying at in Vegas, please read the whole thing twice

The guy keeps making speeches about redistribution and maybe we ought to do something to businesses that don't invest, their holding too much money. We haven't heard that kind of talk except from pure socialists. Everybody's afraid of the government and there's no need soft peddling it, it's the truth. It is the truth
.

Boom Roasted.

The American economy can grow our way out of this but the children running Washington are not interested in doing the things that will allow it to happen. Easy steps? Sign free trade pacts that have been languishing in Congress. Open up oil wells in the Gulf, off the coast of CA and in Alaska for drilling. This will keep energy costs down and provide hundreds of thousands of high paying blue collar jobs for Americans, plus will not send our money abroad to thugs like Chavez. Approve the XL pipeline, hundreds of thousands more jobs. Tort reform, real regulatory reform and a knowledge that the government will stop treating the economy like Calvinball, where the rules are made up constantly changing would make firms an individuals more likely to invest.

Our Deal Leader and his cronies are either unwilling to do these things or unable to come up with them because they have never lived in the real world